34 C.F.R. § 691.62 Calculation of a grant.
Title 34 - Education
(a)(1) For each award year, the Secretary establishes and announces the ACG and National SMART Grant Scheduled Awards depending on the availability of funds for all students who are eligible for a grant under §691.15. (2) The Secretary may revise the ACG and National SMART Grant Scheduled Awards in an award year depending on the availability of funds for all students who are eligible for a grant under §691.15. (b)(1) The maximum ACG Scheduled Award for an eligible student may be up to— (i) $750 for the first academic year of the student's eligible program; and (ii) $1,300 for the second academic year of the student's eligible program. (2) The maximum National SMART Grant Scheduled Award for an eligible student may be up to $4,000 for each of the third and fourth academic years of the student's eligible program. (c) The amount of a student's grant under this part for an academic year, in combination with the student's EFC and other student financial assistance available to the student, including the student's Federal Pell Grant, may not exceed the student's cost of attendance. Other student financial assistance is estimated financial assistance as defined in 34 CFR 673.5(c), 682.200(b), and 685.102(b). (Authority: 20 U.S.C. 1070a–1)
Title 34: Education
PART 691—ACADEMIC COMPETITIVENESS GRANT (ACG) AND NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANT (NATIONAL SMART GRANT) PROGRAMS
Subpart F—Determination of Awards
§ 691.62 Calculation of a grant.
